“That is what defines us as a community of people providing financial help to each other on the principle of reciprocity and benevolence.

“In MMM, there are no lenders and no debtors. One participant asks for help, another one helps," he added.

He therefore called on leaders at all levels to deliver basic dividends of democracy to Nigerians, adding that the current recession was affecting ordinary Nigerians.“As we celebrate democracy, let our leaders remember that we need change in all aspects of our lives,” he said.

Mavrodi Mondial Movement (MMM) is a Ponzi scheme, which was revived early this year after freezing participants’ accounts for a month in December 2016.